Notes to the Parent Company's Financial Statement

14. Current liabilities

€ 000 2012 2011
Interest-bearing    
   Interest-bearing liabilities 5,000 4,000
   Liabilities to Group companies    
     Borrowings 56,057 56,276
Total interest-bearing current liabilities 61,057 60,276
     
Liabilities to Group companies    
Accounts payable - 209
Accruals and deferred income 5,515 3,974
To others    
   Accounts payable 160 82
   Other liabilities 71 1,736
   Accruals and deferred income 1,152 808
Total interest-free current liabilities 6,898 6,809
Total current liabilities 67,955 67,085
     

Material items included in accrued expenses arise from the accrual of holiday pay, as well as accrued provisions for salaries and fees and the deferred tax liability calculated based on the profit for the year.